Photo: CoStar Group
Are apartments coming to The Manhattan at Times Square Hotel?
The 790 Seventh Avenue hotel, between West 51st and West 52nd streets, will be expanding vertically, according to a plan exam application filed today.
The proposal would add 23 stories to the existing 23-story building. The Schedule A filing indicates that the new levels would be occupied by apartments — 121 total. Morris Adjmi Architects is the architect of record for the expansion.
Starwood Hotels & Resorts sold the 665-key hotel in 2012 for $275 million in cash, the New York Observer reported. The buyers were affiliates of Rockpoint Group, Goldman Sachs’ Real Estate Principal Investment Area and Highgate Holdings. Under the deal, Highgate would operate the hotel.
Starwood announced in April 2013 that it plans to sell $2 billion to $3 billion of hotels in two to three years, Bloomberg reported. The company, based in Stamford, Connecticut, owns the St. Regis, Sheraton and Westin brands.